A strengthening dollar is to putting pressure on the service industry, and being blamed for the Dubai private sector contracting. That’s according to financial experts following the latest Dubai Economy Tracker which indicated that the private sector had modest declines in February for the first time since 2010. The index is provided by Emirates NBD and is a monthly assessment of business activity. The index for February declined to 48.9 in February from 50.7 in January.
UAE, Ukraine conclude terms of trade pact
The UAE and Ukraine have concluded the terms of a Comprehensive Economic Partnership Agreement (CEPA).
Elon Musk visits China as Tesla seeks self-driving technology rollout
Tesla CEO Elon Musk arrived in Beijing on Sunday for a surprise visit, where he is expected to meet senior officials to discuss the rollout of Full Self-Driving (FSD) software and permission to transfer data overseas.
Abu Dhabi Airports welcomes 6.9 million passengers in three months
More than 6.9 million passengers travelled through the Abu Dhabi Airports' network during the first quarter of 2024, marking a 35.6 per cent surge compared to the same period last year.
ByteDance denies media report of plan to sell TikTok
ByteDance has no plan to sell TikTok, the company's official account said in a statement posted on Toutiao, a media platform owned by the China-based firm.
Photos: UAE’s first operational vertiport unveiled in Abu Dhabi
The UAE's first operational vertiport for vertical take-off and landing aircraft (eVTOLs) has been unveiled in Abu Dhabi.
